Doric Assets moves delivery A380 jets one year earlier over high demand

By IVCPOST Staff Reporter

Jul 11, 2013 11:40 AM EDT

Demand for more A380 airbuses from commercial carriers prompted Doric Assets Finance Ltd. to accelerate its schedule to take in the first planes.

Paul Kent, chief commercial officer of Doric Assets, said that Thai Airways and Malaysia Air have already signified their intention to boost their Airbus fleet. In order to satisfy demand, Doric may have to take in new jets in 2015--instead of the original delivery schedule of 20 A380 superjumbos by 2016-to be leased to the carriers.

Doric, along with Nimrod, has been financing A380 jets for carries such as Singapore Airlines and Emirates. But last month, Doric agreed to a deal that allows it to purchase jets directly from Airbus.

Airbus is trying to deal 25 A380 jets in 2013 and has announced that it's still accepting orders to meet its target.

Kent said Doric is also open to finance other wide-bodied models apart from the A380s but it will be depend on their carrier partners.

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